American State Bank - Walnut, IA

Episode Information

Episode UID: 72065471481
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7206547 routing
Routing Number: 72-0654
Start Date: May 23, 1923
Location: Walnut, Iowa (41.477, -95.222)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 5547f8f27ba69026

Response Measures

None

Description

Article describes the bank as 'defunct' and closed May 23 with reorganization efforts underway; final outcome not reported.

Events (1)

1. May 23, 1923 Suspension

Cause Details: Closure announced May 23; immediate cause not specified in article.
Newspaper Excerpt: Reorganization of the defunct American State bank, which closed its doors May 23, is marking time.
Source: newspapers

Newspaper Articles (1)

1. August 3, 1923 The Daily Nonpareil Council Bluffs, IA

Article from The Daily Nonpareil, August 3, 1923

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Article Text

REORGANIZATION OF WALNUT BANK SLOW WALNUT, Ia., Aug. 2.—Reorganization of the defunct American State bank, which closed its doors May 23, is marking time. Solicitors are working to raise $50,000 capital stock. A special effort is being made this week. According to W. M. Knutson, Council Bluffs, bank examiner for this district, the outlook is encouraging. Solicitors the past two days have met with fair success, he stated. He was reluctant, however, about making public the amount raised thus far. Stock certificates are of the denomination of $125.